The following chart is based on 30 minutes of trading (volume)
Yesterday we had 674k shares dumped in the first 30 minutes, followed by another 1.1mil in the next 30 minutes,
Today we have only seen 135k traded in the first 40 minutes (ASX) I hope my assessment of FSB dumping shares is incorrect, It doesn't say much for a broker if they are willing to cause that much damage to make a quick profit after exercising their options, FSB still has 2mil 18c options left to convert. It will be interesting to see if the pattern of dumping shares after they are converted continues.
By my calculations, FGR has now had $1.2mil of options converted since the 1st of Jan (not reported in the recent QTR report). hopefully this removes avoids any chance of a small CR as @daveg hinted to last year.
FGR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
